Sep, 30, 2025 — SUMMIT CREDIT UNION is a federally insured state chartered credit union headquartered in COTTAGE GROVE, WI with 57 branch locations and about $7.96 billion in total assets. Opened 91 years ago in 1935, SUMMIT CREDIT UNION has about 273,364 members and employs 899 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUMMIT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1709 Landmark Dr COTTAGE GROVE, WI 53527-8957 |
| Phone: | (608) 243-5000 |
| Fax: | |
| Website: | https://www.summitcreditunion.com |
| Branches: | 57 branch locations |
| Members: | 273,364 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67190 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $7,958,777,885 |
| CEO/Manager: | Kim Sponem |
| Chairperson: | Dan Kaiser |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 646,608,358 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 33,750,149 |
| Real Estate Loans | 4,861,698,854 |
| Unsecured Loans | 310,981,887 |
| Other Loans | 1,120,799,387 |
| TOTAL LOANS | 6,295,433,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,155,007 |
| Land And Building | 126,106,080 |
| Other Fixed Assets | 16,249,459 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 50,527,652 |
| All Other Assets | 1,347,707 |
| TOTAL ASSETS | 7,958,777,885 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,509,341 |
| Notes & Interest Payable | 752,250,000 |
| Accounts Payable & Other Liabilities | 54,284,102 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,058,638,918 |
| Regular shares | 1,055,168,463 |
| All Other Shares & Deposits | 4,263,077,421 |
| TOTAL SHARES & DEPOSITS | 6,376,884,802 |
| TOTAL LIABILITIES | 7,186,885,231 |
| Regular Reserve | 0 |
| Other Reserves | -20,114,187 |
| Undivided Earnings | 792,006,841 |
| TOTAL EQUITY | 771,892,654 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,958,777,885 |
| INCOME & EXPENSE | |
| Loan Income | 264,640,210 |
| Investment Income | 45,232,161 |
| Other Income | 16,107,106 |
| Total Employee Compensation & Benefits | 73,657,095 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 60,588,016 |
| Non-operating Income & (Expense) | 88,074 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,679,308 |
| Cost of Funds | 139,963,181 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 69,423,220 |
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